| Name: | James Simons |
| Net Worth: | $29 billion |
| Source of Wealth: | Renaissance Technologies |
| Born: | April 25, 1938 |
| Age: | |
| Country: | USA |
| Wife: | Marilyn Hawrys Simons |
| Children: | Nat Simons, Audrey Simons, Nicholas Simons, Liz Simons, Paul Simons |
| Residence: | Long Island, NY, USA |
| Private Jet: | Gulfstream G650 (N773MJ) |
| Yacht | Archimedes |
James Simons, born in 1938, is a renowned mathematician and founder of the hedge fund management company Renaissance Technologies, established in 1982. He is married to Marilyn, and together they have five children.
Simons is the co-founder of the Chern-Simons Theory, a three-dimensional topological quantum field theory that describes the topological order in fractional quantum Hall effect states. This complex theory showcases Simons’ exceptional talent and expertise in mathematics.
He has taught mathematics at prestigious institutions such as the Massachusetts Institute of Technology (MIT) and Harvard University. Additionally, Simons was a member of the Institute for Advanced Study, further solidifying his reputation as a leading mathematician.
Simons is also a contributor to the Democratic Party, having donated more than US$ 30 million to federal campaigns over the years.
Renaissance Technologies has over $80 billion of assets under management, with its three computer-driven hedge funds realizing double-digit growth every year. The firm’s most successful fund, the Medallion Fund, manages US$ 5 billion and boasts an average annual return of 35%. Renaissance Technologies employs complex mathematical models to analyze and execute trades, a testament to Simons’ mathematical prowess.
As an active philanthropist, Jim Simons founded the Simons Foundation, a charitable organization that supports projects related to education, health, and scientific research. He also founded Math for America, a non-profit organization with a mission to significantly improve math education in public schools.
Jim and Marilyn Simons donated US$ 200 million to Stony Brook University of New York, one of the top ten gifts to public higher education in the United States. Simons chaired the mathematics department at the State University of New York at Stony Brook.
Algorithms and mathematical expertise have made James Simons a Wall Street billionaire, with an estimated net worth of $29 billion. In 2017 alone, he earned US$ 1.7 billion, making him the top earner on the Institutional Investor’s annual Rich List.
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Dr. Marilyn Hawrys Simons and her husband are the co-founders of the Simons Foundation, a charitable organization funding basic research and educational programs in mathematics, physical, and life sciences. Marilyn Simons received a B.A and Ph.D. in Economics from SUNY, Stony Brook. She has volunteered in the non-profit sector for the last twenty years. Her primary focus is education. She is President of the Board of Learning Spring Elementary School, a school for children with autistic spectrum disorders. She also sits on the board of the East Harlem Tutorial Program, an after-school teaching program in East Harlem.
wikipedia.org/James_Harris_Simons
He lives with his wife Marilyn Simons in a large house on Long Island near New York. They have 5 children: Nat Simons, Audrey Simons, Nicholas Simons, Liz Simons and Paul Simons.
Long Island, NY, is a picturesque island stretching eastward from New York City, and it is known for its stunning beaches, charming villages, and vibrant culture. With a mix of urban and rural landscapes, Long Island offers visitors and residents a variety of recreational activities, including wine-tasting at local vineyards, exploring quaint seaside towns, and attending art festivals. The island is home to the Hamptons, a popular summer destination for affluent New Yorkers seeking a luxurious getaway with beautiful oceanfront estates and upscale boutiques. Long Island’s rich history is evident in its many historical landmarks, such as the Montauk Point Lighthouse, the oldest lighthouse in New York State, and the Old Westbury Gardens, a magnificent estate featuring lush formal gardens. From its scenic beaches to its charming towns and cultural attractions, Long Island is a captivating destination that promises an unforgettable experience for visitors and residents alike.
Jim Simons is the owner of the Feadship motor yacht Archimedes.
The motor yacht Archimedes was meticulously crafted by Royal van Lent and delivered to her owner in 2008. This magnificent 68-meter Feadship features an elegant design by John Munford Yacht Design. Boasting a beam of 12 meters or 40 feet, Archimedes is a high-volume superyacht.
Archimedes is powered by twin Caterpillar engines, which propel her to a top speed of 16 knots. She has a comfortable cruising speed of 12 knots and an impressive range of 6,000 nautical miles.
Simons owns a US$ 70 million Gulfstream G650 private jet with registration N773MJ. MJ refers to Marilyn and James.
The jet was built in 2013. A Gulfstream G650 has a list price of US$ 70 million. The aircraft can accommodate 14 passengers.
The Gulfstream G650 is a luxurious, long-range business jet produced by Gulfstream Aerospace. The G650 was first introduced in 2008 and quickly became one of the most sought-after business jets in the world due to its impressive range, speed, and spacious cabin. The G650 has a maximum range of over 7,000 nautical miles, making it capable of flying non-stop from locations such as New York to Hong Kong.
One of the standout features of the G650 is its cabin, which is both spacious and luxurious. With a height of over 6 feet and a width of over 7 feet, the cabin offers ample space for passengers to work, relax, and entertain. The cabin also features a variety of customizable features, including seating arrangements, lighting, and entertainment systems.
In addition to its impressive range and cabin, the G650 is also known for its high cruising speeds. The aircraft is capable of reaching speeds of up to Mach 0.925, making it one of the fastest business jets on the market. This speed, combined with its range, allows the G650 to cover large distances quickly and efficiently.
The last known list price of the Gulfstream G650 was approximately $75 million. This high cost reflects the advanced technology, spacious cabin, and impressive performance capabilities of the aircraft. Despite its high price, the G650 remains a popular choice for those who value speed, range, and comfort in their business jets.
The Gulfstream G650 is a top-of-the-line business jet that offers impressive range, speed, and comfort. Its luxurious cabin and high-performance capabilities make it a popular choice for those who demand the best in their business aviation needs. With a last known list price of $75 million, the G650 is a significant investment, but for those who can afford it, the aircraft provides a unique and unparalleled flying experience.
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